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>From the help screens
Advance-Decline line (AD-Line)
Line measuring advances and declines that reflects market breadth. In its
simplest form ADLine is a summation over time of the net daily difference
between the number of advancing issues and the number of declining issues.
AmiBroker uses slightly improved formula which takes into account also
number of unchanged issues. The exact AFL formula for AmiBroker's ADLine is:
Difference = ( AdvIssues() - DecIssues() )/ ( UncIssues() + 1 );
DiffSqrt = IIF( Difference > 0, sqrt( Difference ), - sqrt( - Difference )
);
ADLine = Cum( DiffSqrt );
This is a classical indicator which tends to give a good reading of the
overall strength of the market. A break in the A/D line usually proceeds a
break in prices. Look for non-confirmation and divergence.
See also AFL Function reference: AFL Function: adline()
Cheers,
Graham
http://groups.msn.com/asxsharetrading
http://groups.msn.com/fmsaustralia
-----Original Message-----
From: nb9trade [mailto:clyde@xxxxxxxxxxx]
Sent: Thursday, 15 January 2004 7:07 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Advance Declone Line
Is it possible to make an advance decline line using Amibroker?
If it can be done, can it be done, for just one watch list like the
Dow 30?
Does anybody know how to do it?
Thanks
Clyde
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